>> mr. kudlow's talking about the new unemployment numbers showing a slight increase in the jobless rate from 3.5% to 3.6 percent, despite adding 128,000 jobs. >> yesterday the president treated that the impeachment effort is holding back the stock market. do you believe that is true? >> yes, i do actually. >> why? prominent seeing some famous investors, lee cooperman among them, who do not want to see a change in president trump's economic policies.

they like the tax cut incentives. there like the rollbacks. they like the opening in the energy sector and the like the fact that the president is trying to reduce trade barriers and is engaging china in order to protect american -- the american economy and defend american workers. they like those policies. the stock market, which is up about 20% s&p year-to-date, which i would argue, by the way him and his predicting better conditions ahead. the stock market has benefited ,rom these incentive market-driven policies and they want to see change paired when to see change paired when you get these votes and so forth. i am not here to talk about the chronology of impeachment. i think the impeachment story in fits and starts has hurt the stock market.

i think president trump is right. i will say this. this is not my lane. i want to say a couple of things about this. transcript ofat the phone call probably a dozen call probably a dozen times, it just seems so clear to me that there is no problem with it. there is no legal problem, there is no impeachable problem. it was a congratulatory phone call and with respect to our concerns that the military assistance to ukraine, those concerns were principally taxpayer protection concerns. concerns. we have always wanted europe to do better on the burden of cost sharing. whether it is nato or ukraine or whatever. on corruption, first off

corruption was huge issue in ukraine. that affects the distribution of money. we wanted some time to make sure that what moneys we provided would get to where their best use in ukraine. finishing the corruption issues, not in the future but back in 2016 and 2015 became important. there was never any print quote quote, however -- quid pro quo, however. , i think theis process is unfair and it looks ande like very divisive partisan process. the president is asking for an investigation of his rival? >>

>> i don't have a chance to watch the network like i used to have, but i watch the parade of experts and they all are pretty much saying the same thing, there's a certain amount of destructiveness here. i do not see the case, and they do not want to change in economic policy. adjustedr today on an basis for revisions for prior months in the gm strike is over 300,000 new jobs, 303,000 new jobs, that is a blowout number. it shows the underlying strength of the economy, and i think the investment world does not want the policies to change. >> will vice president pence change them, presumably he -- have any speculations

about that. i have given you my personal view. i don't think there's anything there, and i think frankly back in my lane, if you will, investors do not want to change and economic policy. this other thing, let me make another point. you are a numbers guy and i appreciate the questions. not only was today's jobs up, we , wherea class boom inflation adjusted after-tax income has increased per $5,000 or roughly 7% in just two and half years. those numbers are far and way better than the prior 16 years under democrats and republicans. that's how good this boom has been. numbers,y on the wage the managers are doing less well in the production workers.

non-supervisor production wages up 3.5% last 12 months. overall the number was three. the people who are benefit are the solid milk -- middle-class folks we saw some stories about this yesterday. there's really not much new to report. i broke that story a couple of months ago. tax points 2.0. .n informal process i am consulting with my friend kevin brady, a brandt tax guy. we are talking to house members and senate members and our

colleagues inside the administration and people on the outside read this is something that would not surface for many months. you will see it later during the campaign. it is a forward looking -- the idea for tax cuts was to provide additional middle-class tax relief, and to enhance economic prospects. we do not have any details to report yet. it is a work in progress. said you're hoping to have similar timing for that signing a phase one a. president xi will be in brazil, is that a possibility? >> i don't want to speculate. about you optimistic getting that around that time? >> the president is optimistic, more important, but the talks are going very well. they are not done yet, more hard work, but the president himself has indicated optimism.

thatere did you guys get free 03? 120,000 payrolls, that is the base number, and adding to revisions forward the prior two months, which is remarkable. 223,000.ets you to thestimate on top of that cea and nec 60,000 adjusted for the gm strike, so that gets you two to 283. we put in 20,000 for the census workers, so that gets you to 303. those are real numbers. -- the 3% onhat but wage percent. that is actually down. waso, i believe last month

2.9. here's the key point. for many around three months. what is interesting about that is this category non-supervisory managers,, not the the workers on this emily line. they are at 3.5. they are doing better than the managers. i just think that is interesting. boom,s the middle class average household 66,000 after inflation, these people have had in what my oldse boss ronald reagan used to call take-home pay. that is a big number into and half years. it is 7% above the prior administration, and nonpartisan, the republican administration and the democratic

administration that preceded us were basically flat but we are k, and i just think that shows you the success in bringing down trade barriers, that is why i said i do not think investors want a change in policy. sometimes the stock market reflects when you get these political announcements, but i've got to go. >> people are very disappointed in jerome powell -- the president tweeted that people are very disappointed in jerome powell after he cut rates. has there been any discussion of trying to get rid of him, and is it a sign that the economy is not as strong as the administration is touting given

rates had to be cut three times so far. >> i think that logic i would reverse. the president has been outspoken .n his views let me just put in! an exclamation point there. we had severe type monetary policy last year and it was unnecessary and it damage the economy. now they change their direction. my view at least come up monetary policy is in a much better direction now for the 1.5, andte is down to the balance sheet is expanding, the curve is upward sloping. these are positive signs. that obstacle to growth is

now waning, moving away. that is why i think the job numbers, this 300,000 plus number is an example, much better economic growth and also i am very old-fashioned. i think the stock market is a pretty good predictor of business. when the market slumped a year ago, the market went down and sure enough business, and now that market has come back. i don't know what it is this morning, but it is up. much stronger business conditions for the next year or so. i've got to get an overcoat and gloves. >> the unemployment rate

decreased last month, and the labor department analysts say that is due to the now settled general motors substrate -- strikes. several thousand workers were counted as an the point. the jobless rate is up to 3.6%. in the meantime, average hourly wages are up 3% from a year ago. a ceremony will be held today for the new secretary. lonnie bunche will oversee many new museums and the superior he was previously a director of the african american newseum in washington, d.c.. we will have live coverage here on c-span. >> we have live coverage with presidential candidates in iowa and mississippi. 7:30 pm, the contender speak at the liberty and justice celebration in des moines.

speakers include senator michael bennet and former vice president joe biden and senator cory booker, mayor pete buttigieg, ,nd representative john delaney senator kamala harris, representative beto o'rourke, senator bernie sanders, senator elizabeth warren and andrew yang. then at 8:00 p.m. on c-span two, the president holds a campaign rally with supporters in mississippi. watch the campaign 20 tony -- 2020 coverage live today on c-span and at 8:00 p.m. eastern on c-span2. watch anytime on c-span.org and listen on the go with a free c-span radio app. >> we are joined next by philip klein, discussing his new book on millenials and